GUIDELINES ON OUTSOURCING - Monetary …
Monetary Authority of Singapore GUIDELINES ON. OUTSOURCING . 27 JUL 2016. Table of Contents 1 INTRODUCTION ........................................ ........................................ .............................. 1. 2 APPLICATION OF GUIDELINES ........................................ ...................................... 1. 3 DEFINITIONS ........................................ ........................................ ...................... 3. 4 ENGAGEMENT WITH MAS ON OUTSOURCING ........................................ ............... 8. Observance of the GUIDELINES ........................................ ........................................ .................... 8. Notification of Adverse Developments ........................................ ........................................ ...... 9. 5 RISK MANAGEMENT 9.
GUIDELINES ON OUTSOURCING 1 1 INTRODUCTION 1.1 While outsourcing arrangements can bring cost and other benefits, it may increase the risk profile of an institution due to, for example, reputation, compliance and operational
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